Master Trading Account (by managedfxprofit) Quick Stats
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Master Trading Account Discussion
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managedfxprofit

Member Since Aug 22, 2010  19 posts managedfxprofit Oct 02 2010 at 21:29 (edited Oct 02 2010 at 21:40 )
We trade 3 currency pairs mainly: EURUSD, GBPUSD, USDCHF. We offer money management based on this strategy. Our performance fee is 30% of profits. For more information visit our website. http://managedforexprofit.com

forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Oct 02 2010 at 22:21
Your system is same as this: http://www.myfxbook.com/members/MQLHome/tortoise-21/31271

RR 1:1 + Martingale

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
managedfxprofit

Member Since Aug 22, 2010  19 posts managedfxprofit Oct 02 2010 at 23:52
The link you put have only EURUSD trades we trade 3 currency pairs: EURUSD, USDCHF, GBPUSD

forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Oct 03 2010 at 06:54

managedfxprofit posted:
    The link you put have only EURUSD trades we trade 3 currency pairs: EURUSD, USDCHF, GBPUSD


So your system is 3 times as dangerous as the system I showed. If all 3 pairs(which of course would be very unusual but possible) go into deep martingale cycle what do we do - pray? It's dangerous enough with 1 pair only. Do you have max cycle it could enter setting?

It would be nice to show some few months real account because we all know that risking other people's money is much easier. And this is 1 month demo account, not very convincing, right?

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
managedfxprofit

Member Since Aug 22, 2010  19 posts managedfxprofit Oct 03 2010 at 07:10
There are other differences as well, checkout the average profit/loss per trade, ours is 55pips the other link you mentioned is 29 pips.

Not all martingale systems are the same. This one does not add positions on other loosing positions, only if the others are closed at a loss do we use martingale.

We have started on the date we published the results and this is all the data that we have, we don't have to lie about it or pretend that we have been trading this system for 20 years. You can watch us for six months and then decide if you are interested in our services.

forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Oct 03 2010 at 07:37
If you look deeper into that system you will realise it's the same idea. What matters is the RR(not the average profit&loss/trade in pips) which there and here is 1:1. They don't add to losing trades as well, only double the lots after loss.
It's nice that you admit this is the start for this system but offering managed account after only 1 month of demo trading is a bit disrespectful for your potential investors. You will gain people's trust much faster and easier if you show you trust your own system by trading your own money. BTW I like this type of martingale system but it should better be traded with lower risk probably starting the cycle from micro lots which will be of course less profitable but much safer and stable. The way you trade it with mini lots on 10k account you're gonna have big problems sooner or later.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
managedfxprofit

Member Since Aug 22, 2010  19 posts managedfxprofit Oct 05 2010 at 15:12
We have nothing to hide, this is the system we are trading. If anyone would like to have a backtest of this system for longer time frame we can do that.

This is a steady and profitable system, with maximum historical drawdown 20% so far on live trading.

forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Oct 05 2010 at 15:21 (edited Oct 05 2010 at 15:22 )
You have nothing to hide but you have much to show.
Advertising managed account services through demo account is nothing more than ridiculous. Show some respect to the future investors. You want real money investments and all you can give is ~40 days demo results, wake up.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
managedfxprofit

Member Since Aug 22, 2010  19 posts managedfxprofit Oct 07 2010 at 11:43
Well some investors appreciate our system, and your comments are encouraging them to check us out.......

Keep it up......you are giving us good advertising. smiley

managedfxprofit

Member Since Aug 22, 2010  19 posts managedfxprofit Nov 21 2010 at 17:33
3 months of consistent results, averaging 18% per month with the worst drawdwon 20% that was recovered in less than 1 week.

We continue to offer managed accounts with capital guaranteed option for 50% profit share, or non capital guaranteed option for 30% profit share paid monthly.

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